Caroline Ellison, the former girlfriend and business partner of Sam Bankman-Fried, is set to testify in his fraud trial this week. Her testimony is expected to reveal details about the inner workings of the defunct crypto exchange FTX and its sister trading firm Alameda Research, where she was the CEO. Prosecutors believe that Ellison and other members of Bankman-Fried's "inner caucus" are aware of the truth behind the alleged fraud. Bankman-Fried has pleaded not guilty to the charges against him, while Ellison and another FTX executive have pleaded guilty.
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